Ann: Quarterly Activities Report, page-11

The PFS quoted a NPV of A$529m pre-tax (8% real, $3/lb Cu) for the “expanded case” - which used an inventory of 41mt @ 0.86% Cu. The recent JORC upgrade has already bumped up the T3 resource to 60mt @ 0.98% or 47mt @ 1.13% at a 0.5% cut-off. If we can get additional tonnage and grade from these other domes such as A4 the economics will be hugely improved and valuation multiples of that calculated in the PFS...all IMO